Other Vehicle Insurance

Who Has The Cheapest Motorcycle Insurance Quotes In Minnesota?

The name Minnesota comes from a Dakota word meaning “clear blue water,” which suits the state known as the “Land of a 1,000 Lakes.” Nearly 60% of all of Minnesota’s residents live in the Minneapolis–Saint Paul metropolitan area, but roadways and scenery spanning the state are ideal for motorcycle riding all throughout the state. To see who had the best motorcycle insurance rates in Minnesota, we gathered quotes from four major carriers for a 45-year-old male rider. The policy quoted included bodily injury protection of $100,000 per person/$300,000 per accident and $50,000 in property damage coverage. Our study showed the most expensive place for the sample policy was 66.5% higher than the cost of the cheapest in Minnesota.

Cheapest Motorcycle Insurance In Minnesota

A look at motorcycle insurance rates in Minnesota showed GEICO had the best rates for our sample policy and rider, with an average premium quoted of $160. With rates 57% lower than average cost of motorcycle insurance in Minnesota, GEICO's rates are much better than those of other companies we sampled.

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Nationwide also had an average annual rate for a sample policy and rider below the Minnesota average. The company's average annual rate of $297 was substantially more than GEICO's, but still well below $371. Dairyland and Progressive both had rates that were much higher than the Minnesota average, at $490 and $539, respectively. Despite their high rates, we consider the two insurers to be among the best motorcycle insurance companies. Progressive's average motorcycle insurance quote for our sample policy and rider was more than 3x the cost of GEICO's.

Best Motorcycle Insurance Rates In Minnesota: By City

The five places with the cheapest motorcycle insurance rates in Minnesota were all located in the southwest corner of the state. None of them were exceptionally large cities either -– the most populous was Marshall, which has about 14,000 residents. The city with the best motorcycle insurance rates in Minnesota was New Ulm, where premiums were 15.8% lower than the state average.

Rank

City

Average Annual Rate

% Difference vs State Average

1

New Ulm

$313

-15.8%

2

Marshall

313

-15.7%

3

Sleepy Eye

323

-12.8%

4

Tracy

324

-12.7%

5

Windom

325

-12.4%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

New Ulm, MN

The place with the best motorcycle insurance rates in Minnesota was New Ulm, a city in the southern third of the state. It has about 13,500 residents and is home to the Minnesota Music Hall of Fame, Martin Luther College and a local brewing company. Those who call New Ulm home also enjoy a number of local parks and a civic center. Motorcycle insurance rates in New Ulm are the most affordable in the state, according to our study. Quotes for our sample policy were 15.8% lower than the Minnesota average.

Marshall, MN

Marshall is a city in Lyon County, which is in the southwest corner of Minnesota. It has roughly 13,700 residents. Although small, the city is home to the headquarters of Schwan Food Company, a privately-owned business that employs 14,000 workers and includes retail food sales, food service and other divisions. The city also is home to Southwest Minnesota University and has cheap motorcycle insurance rates. Premiums for our sample property were 15.7% lower than the state average, placing Marshall with the second cheapest rates for insuring a motorcycle in Minnesota.

Sleepy Eye, MN

Adjacent to Sleepy Eye Lake in southern Minnesota is the city of Sleepy Eye. The city was named after Chief Sleepy Eye, who led four Sioux tribes and was chosen to meet with U.S. President James Monroe. Camping and other outdoor attractions are popular pursuits for locals and visitors to the area. Sleepy Eye took the third spot with some of the lowest motorcycle insurance rates (12.8% lower compared to the state average).

Tracy, MN

Tracy is another city in Minnesota that has some of the best motorcycle insurance rates and is located in Lyon County. Approximately 2,300 people live in Tracy and enjoy its specialty shops and an aquatic center that also attracts visitors. Fishing, hunting and biking are popular in the city and an annual soap box derby every Labor Day is yet another sight that draws visitors to Tracy. Motorcycle insurance rates in Tracy were 12.7% lower than the Minnesota average.

Windom, MN

The city of Windom has about 4,700 residents and is the seat of Cottonwood County in southwestern Minnesota. The Des Moines River flows through the city making it a favorable spot for canoeing and other outdoor pursuits. An annual event called Riverfest takes places every year and is a celebration of arts, music, and the city. Motorcycle insurance premiums in Windom were 12.4% lower than the Minnesota average, rounding out our five most affordable places in Minnesota.

Most Expensive Motorcycle Insurance In Minnesota

The five places in Minnesota with the most expensive motorcycle insurance rates include and are located near the Twin Cities, Minneapolis and Saint Paul. They are also relatively larger cities in comparison to the five cheapest cities. The two places with the most expensive motorcycle insurance in Minnesota were Minneapolis and Saint Paul, where premiums were 40.5% higher than the state average.

Rank

City

Average Annual Rate

% Difference vs State Average

1

Minneapolis

$521

40.5%

2

Saint Paul

521

40.5%

3

Stillwater

444

19.7%

4

Bloomington

440

18.5%

5

Chaska

440

18.5%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Minneapolis, MN

The place with the most expensive motorcycle insurance rates in Minnesota was Minneapolis. The city of Minneapolis is the largest of the Twin Cities and is part of a metropolitan area with more than 3.8 million residents. It is at the confluence of the Mississippi River and the Minnesota River and is located across from the state’s capital, Saint Paul. Minneapolis is the second largest business center in the Midwest, behind Chicago, and is home to the headquarters of a number of Fortune 500 companies, including Target. Motorcycle insurance rates in Minneapolis were the least affordable in Minnesota. Quotes for our sample motorcycle insurance policy were 40.5% higher than the state average.

Saint Paul, MN

Minnesota’s capital, Saint Paul, is the other Twin City and also has expensive motorcycle insurance rates. In fact, the sample motorcycle insurance policy in Saint Paul also was 40.5% higher than the Minnesota average. It lies on the east bank of the Mississippi River and the point of confluence with the Minnesota River. Saint Paul has about 300,000 residents and has been called the “hockeytown” of the U.S.

Stillwater, MN

On the west bank of the St. Croix River is the city of Stillwater. It has a historic downtown and a rich history as a stop for riverboats and commerce. The city also has been named one of “America’s Most Picturesque Small Towns.” Motorcycle insurance premiums in Stillwater were 19.7% higher than the state average.

Bloomington, MN

Bloomington is the fourth-largest city in Minnesota and one of the largest suburbs of Minneapolis, with more than 86,000 residents. The Mall of America, the largest shopping mall in the U.S., is located in Bloomington. Motorcycle insurance rates in Bloomington were 18.5% higher than the state average.

Chaska, MN

The city of Chaska has a population of about 23,000 people and is 27 miles outside of downtown Minneapolis. It is on the west bank of the Minnesota River and has some standout pop culture references -– characters from the movie “Fargo” are from Chaska and Johnny Cash mentions the city in one of his songs. Motorcycle insurance rates in Chaska were also 18.5% higher than the Minnesota average.

Average Motorcycle Insurance Rates In Minnesota: By City

This comparative study of motorcycle insurance premiums in Minnesota was done by gathering and analyzing quotes from five major carriers across 109 municipalities and census-designated places. Our analysis showed premiums quoted for the most expensive place were 66.5% more than the cheapest.

Study Methodology

Our study analyzed motorcycle insurance quotes for a sample policy and rider across 109 municipalities and census-designated places in the state of Minnesota. The quotes we gathered were from four major carriers -- Progressive, Nationwide, GEICO and Dairyland. The rider we gathered quotes from was a 45-year-old male who was married and had completed a motorcycle training course. He also had a clean driving record. The policy itself included bodily injury protection $100,000 per person/$300,000 per accident and $50,000 in property damage coverage. The deductibles for both Comprehensive and Collision coverage were $500.

The motorcycle used when gather quotes was a Harley Davidson Street Glide (1690cc) with no anti-theft device installed.

Rank

City

Average Annual Rate

% Difference vs State Average

24

Aitkin

$344

-7.2%

48

Albany

361

-2.8%

42

Albert Lea

357

-3.8%

6

Alexandria

328

-11.6%

47

Annandale

361

-2.8%

74

Anoka

382

3.0%

50

Austin

363

-2.2%

34

Bemidji

351

-5.4%

17

Benson

342

-7.8%

75

Blaine

384

3.5%

103

Bloomington

440

18.5%

95

Brainerd

416

12.1%

72

Brooklyn Park

378

1.8%

99

Buffalo

420

13.1%

76

Burnsville

384

3.5%

51

Caledonia

363

-2.2%

59

Cambridge

367

-1.2%

100

Cannon Falls

420

13.1%

77

Chanhassen

384

3.5%

104

Chaska

440

18.5%

91

Clarissa

411

10.9%

89

Cloquet

401

8.0%

60

Cokato

367

-1.2%

96

Coon Rapids

417

12.3%

78

Cottage Grove

384

3.5%

86

Crookston

392

5.6%

90

Duluth

401

8.0%

105

Eden Prairie

440

18.5%

84

Elbow Lake

388

4.5%

87

Ely

392

5.6%

38

Fairmont

351

-5.4%

101

Faribault

420

13.1%

18

Fergus Falls

342

-7.8%

79

Forest Lake

384

3.5%

92

Frazee

411

10.9%

70

Fulda

374

0.8%

61

Glencoe

367

-1.2%

88

Glenwood

395

6.5%

25

Grand Marais

345

-7.1%

35

Grand Rapids

351

-5.4%

85

Granite Falls

388

4.5%

106

Hastings

440

18.5%

36

Hibbing

351

-5.4%

97

Howard Lake

418

12.8%

62

Hutchinson

367

-1.2%

26

International Falls

345

-7.1%

8

Jackson

329

-11.3%

31

Jordan

349

-6.0%

52

La Crescent

363

-2.2%

63

Litchfield

367

-1.2%

56

Little Falls

365

-1.6%

32

Long Prairie

349

-5.8%

7

Luverne

329

-11.4%

64

Mankato

367

-1.2%

2

Marshall

313

-15.7%

39

Melrose

352

-5.2%

65

Milaca

367

-1.2%

108

Minneapolis

521

40.5%

19

Minneota

342

-7.8%

Minnesota Average

371

0.1%

20

Montevideo

342

-7.8%

37

Moose Lake

351

-5.4%

41

Mora

355

-4.2%

9

Mountain Lake

329

-11.3%

66

New Prague

367

-1.2%

1

New Ulm

313

-15.8%

45

New York Mills

358

-3.4%

46

North Branch

361

-2.8%

21

Ortonville

342

-7.8%

80

Osseo

384

3.5%

58

Owatonna

366

-1.3%

27

Park Rapids

345

-7.1%

16

Parkers Prairie

340

-8.3%

67

Paynesville

367

-1.2%

43

Perham

358

-3.6%

49

Pine City

363

-2.2%

22

Pipestone

343

-7.7%

53

Preston

363

-2.2%

68

Princeton

367

-1.2%

81

Prior Lake

384

3.5%

55

Red Wing

364

-1.8%

54

Rochester

363

-2.2%

69

Saint Cloud

369

-0.6%

10

Saint James

329

-11.3%

109

Saint Paul

521

40.5%

23

Sauk Centre

344

-7.3%

82

Savage

384

3.5%

83

Shakopee

384

3.5%

11

Slayton

338

-9.0%

3

Sleepy Eye

323

-12.8%

33

Staples

351

-5.5%

107

Stillwater

444

19.7%

29

Thief River Falls

346

-6.9%

13

Tower

340

-8.4%

4

Tracy

324

-12.7%

14

Two Harbors

340

-8.4%

12

Tyler

338

-8.9%

98

Victoria

419

13.0%

30

Virginia

346

-6.9%

93

Waconia

411

10.9%

40

Wadena

352

-5.0%

15

Walker

340

-8.4%

73

Wayzata

378

1.8%

102

White Bear Lake

431

16.2%

28

Willmar

345

-7.0%

5

Windom

325

-12.4%

44

Winona

358

-3.6%

94

Winsted

411

10.9%

71

Woodbury

378

1.8%

57

Worthington

366

-1.5%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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